BitFuFu sells Bitcoin for operations as revenue falls 63%
BitFuFu swung to a $20.5 million loss as lower customer demand reduced cloud-mining revenue and forced changes across its operations.
Wall Street says 5% Treasury yields won't break stocks, but Bitcoin has fallen 46% as gold surged on the same yields.
The US's strategic embrace of Bitcoin could reshape global financial dynamics, challenging China's stance and influencing digital asset policies.
August 17, 2026, 10:43 pmMacquarie's significant Bitcoin ETF reduction may signal shifting institutional sentiment or strategic de-risking in volatile crypto markets.
August 17, 2026, 9:11 pmBitFuFu swung to a $20.5 million loss as lower customer demand reduced cloud-mining revenue and forced changes across its operations.
Bitcoin broke above $63,000 on Monday and quickly pushed past $64,000, escaping the narrow range that had trapped the price for days. The biggest catalyst came from the US macro picture. Traders have sharply reduced their expectations for a Federal Reserve rate hike in September, while the dollar has weakened.
Bitcoin rebounded from an intraday low of $62,653 to cross $64,000, securing a nearly 2% daily gain and pushing its market cap past $1.29 trillion. Rapid Intraday Recovery Drives Liquidations On Monday, bitcoin reclaimed the $64,000 threshold just hours after the cryptocurrency fell below $63,000 and appeared on course to match its Aug. 14 lows.
Jane Street's significant Bitcoin ETF holdings highlight the growing institutional acceptance and strategic importance of crypto assets.
Investors are closely watching this week’s key macro events.
The company has more than 250,000 customers, but it has not disclosed how many were affected.
The US private credit market, valued at over $2 trillion, is flashing stress signals not seen since 2017, raising the question of what deteriorating loans could mean for Bitcoin. The connection runs through liquidity and risk sentiment rather than any direct exposure between the two markets.
The queue mixes feature proposals, bugs and release administration, so the count alone does not identify what could delay October.
AI bond sales pushed the 30-year Treasury yield to 5.25% in 2026.